ALLEGED $1.5M FRAUD: WITNESS TELLS COURT FUNDS CAME INTO DEFENDANT’S ACCOUNT IN MULTIPLE TRANCHES. (PHOTO). #PRESS RELEASE

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 Alleged $1.5m Fraud:   Witness Tells Court Funds Came into Defendant’s Account in Multiple Tranches The Economic and Financial Crimes Commission (EFCC) on Monday, June 29, 2026, presented its third prosecution witness (PW3), Levi Amanda Opice, a Compliance Officer with Guaranty Trust Bank (GTBank), in the ongoing trial of Ifoma Immanuel before Justice Mojisola Dada of the Lagos State Special Offences Court, Ikeja, over an alleged $1.5 million fraud. Immanuel is standing trial alongside his company, Intermediate Investment Holdings Limited, on a two-count charge bordering on obtaining money by false pretence and forgery involving the sum of $1.5 million. According to the EFCC, investigations revealed that the defendant allegedly induced Adebisi Adebutu of R28 Holdings Limited to invest $1.5 million by claiming that the funds would be used to finance projects linked to Chappal Petroleum Development Company Limited, Intermediate Investment Holdings Limited, and Chappal Ener...
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FG LIFTS NYSC POSTING RESTRICTIONS, TARGETS PRIVATE SECTOR TO TACKLE UNEMPLOYMENT. (PHOTO).

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 FG Lifts NYSC Posting Restrictions, Targets Private Sector to Tackle Unemployment


The Federal Government has lifted the ban on National Youth Service Corps (NYSC) postings to private sector organisations, allowing corps members to be deployed to companies in sectors such as banking, oil, and gas. This policy change, effective from the 2024 Batch ‘C Orientation Course, is aimed at combating youth unemployment and enhancing job market preparedness. 


The new directive, announced by Minister of Youth Development Comrade Ayodele Olawande, replaces the previous restriction, which limited postings to education, agriculture, health, and infrastructure sectors. The government argues that the former policy hindered corps members from gaining relevant experience in their field of study. This shift is part of President Bola Ahmed Tinubu’s strategy to create more employment opportunities and improve skills alignment for graduates entering the workforce.

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